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Cable Update (GBPUSD)

  • #589,201
  • Apr 13, 2021 7:39am Apr 13, 2021 7:39am
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yes yes yes
  • #589,202
  • Apr 13, 2021 7:41am Apr 13, 2021 7:41am
GU 1.4 soon? maybe..
  • #589,203
  • Apr 13, 2021 7:48am Apr 13, 2021 7:48am
Dollar positive news turns out to be dollar negative, go figure. My theory might be a dud if we dont drop now. DXY at my support line and there's some demand right below so we'll see if this is a fakeout/shakeout. It pretty much needs to turn around here.

Attached my theory on dxy for GU to drop, this fib is still holding
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  • #589,204
  • Apr 13, 2021 7:49am Apr 13, 2021 7:49am
Long again
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  • #589,205
  • Apr 13, 2021 7:49am Apr 13, 2021 7:49am
Quoting gatenio
GU 1.4 soon? maybe..
dx drops.. and gu holds... wtf
Trade with prediction = witch with her visions lol
  • #589,206
  • Apr 13, 2021 7:51am Apr 13, 2021 7:51am
If one does not have a range strat for these moments, one would wait.

For intraday, sometimes just waiting for volatility to go down for an hour or two and grow back up steadily in one direction and on the very edge and over the range.

Just as often, volatility itself will take it clearly out of the range, but it is harder to get in good in these situations, it could just be the ranging growing...

Probability are slightly higher when going in with longerterm trend also, but not high enough for intraday.


buy stop @ 3734 for mostly a range trade, half will stay in at mid range, where we have just ventured. To be revised in an hour.

1st partial TP will be for 7 pips.

2nd is 3750, then 55, SL at BE at 55 for the last position. still going for 1.4
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #589,207
  • Apr 13, 2021 7:53am Apr 13, 2021 7:53am
GU kick me out +4..

still need to wait for development.
  • #589,208
  • Apr 13, 2021 7:54am Apr 13, 2021 7:54am
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yes yes yes
  • #589,209
  • Apr 13, 2021 8:02am Apr 13, 2021 8:02am
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yes yes yes
  • #589,210
  • Apr 13, 2021 8:02am Apr 13, 2021 8:02am
Quoting Moty
{image}{image}
Hope it happens like that in your chart.
But I think the last 30o mins are only a reaction to the news..so I don't know yet
My observation may be wrong but intent correct. Stay calm!
  • #589,211
  • Apr 13, 2021 8:03am Apr 13, 2021 8:03am
Quoting gatenio
GU 1.4 soon? maybe..
I doubt it will happen this week.
  • #589,212
  • Apr 13, 2021 8:07am Apr 13, 2021 8:07am
Quoting parshal
{quote} Hope it happens like that in your chart. But I think the last 30o mins are only a reaction to the news..so I don't know yet
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yes yes yes
  • #589,213
  • Apr 13, 2021 8:09am Apr 13, 2021 8:09am
go bears... lol
Trade with prediction = witch with her visions lol
  • #589,214
  • Apr 13, 2021 8:10am Apr 13, 2021 8:10am
Quoting mysterio
Dollar positive news turns out to be dollar negative, go figure. My theory might be a dud if we dont drop now. DXY at my support line and there's some demand right below so we'll see if this is a fakeout/shakeout. It pretty much needs to turn around here. Attached my theory on dxy for GU to drop, this fib is still holding {image}
ah phew! Should know by now not to get bothered by these fake moves
  • #589,215
  • Apr 13, 2021 8:13am Apr 13, 2021 8:13am
Almost closing for the day!!
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Keep the Lights on then you can catch the rise from the dark.
  • #589,216
  • Apr 13, 2021 8:20am Apr 13, 2021 8:20am
i have long since asia at 1.3730.. target just 1.3780 and want to take short from there..
jeezz now the pa really get in my nerves.. lol wtf day...
fake up..fake down.. jeezz lol
Trade with prediction = witch with her visions lol
  • #589,217
  • Edited 8:40am Apr 13, 2021 8:25am | Edited 8:40am
gold hit the adr high
8 points profit
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yes yes yes
  • #589,218
  • Apr 13, 2021 8:26am Apr 13, 2021 8:26am
It's over for today. There was a slight commotion on the news, but I held it.
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  • #589,219
  • Apr 13, 2021 8:27am Apr 13, 2021 8:27am
Greater chance for this to be the moment of truth and price finally pursuing its course.

For confirmation, am waiting for range to grow *2 (also a great SL for range trades in certain condition) at the very least, in one movement. Till then, still mainly buying low and selling high on the strong enough rejections.

Range has widened again to about *1.5, and could do so again just as easily before taking its final course of the session. And perhaps even there will be none , and range scalpers will have a good time, again.

Preparing for all possible scenarios
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #589,220
  • Apr 13, 2021 8:27am Apr 13, 2021 8:27am
What happened? Left home at cable near 13770 got to destination and boom it’s below 13720! What did I miss??
Insane in the Brain..
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